Regulatory Alerts2020-04-09 | 2020-06625Added · Updated
Margin Requirements for Uncleared Swaps for Swap Dealers and Major Swap Participants
The Commodity Futures Trading Commission (CFTC) has adopted amendments to the CFTC Margin Rule to extend the compliance deadline for initial margin requirements on uncleared swaps. The final rule introduces a sixth phase-in date, pushing the compliance deadline to September 1, 2021, for swap dealers, major swap participants, and financial end users with average daily aggregate notional amounts below $750 billion. This extension aligns U.S. regulations with the revised BCBS/IOSCO international framework and aims to prevent market disruption by allowing smaller counterparties additional time to implement operational processes for margin calculation and collateral segregation.
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